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KYN - Kayne Anderson Energy Infrastructure Fund Prices Private Placement of $75 Million of Notes | Benzinga
Kayne Anderson MLP/Midstream Investment Company
HOUSTON, Feb. 21, 2024 (GLOBE NEWSWIRE) -- Kayne Anderson Energy Infrastructure Fund, Inc. (the "Company") (NYSE:KYN) announced today that it reached an agreement with institutional investors relating to a private placement of $75 million of senior unsecured notes ("Notes"). The private placement is expected to close on or about May 20, 2024.
Net proceeds will be used to refinance existing leverage and for general corporate purposes. The table below sets forth the key terms of the Notes to be issued.